Stock Option Vesting. The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.
(i) Any of Xx. Xxxxxxx’x Options and Stock Appreciation Rights outstanding as of the Separation Date which are not then exercisable and vested, shall become fully exercisable and vested; provided, that in the case of a Stock Appreciation Right, if Xx. Xxxxxxx is subject to Section 16(b) of the Exchange Act, such Stock Appreciation Right shall not become fully vested and exercisable at such time if such actions would result in liability to Xx. Xxxxxxx under Section 16(b) of the Exchange Act, provided further that any such actions not taken as a result of the rules under Section 16(b) of the Exchange Act shall be effected as of the first date that such activity would no longer result in liability under Section 16(b) of the Exchange Act.
(ii) The restrictions and deferral limitations applicable to any of Xx. Xxxxxxx’x Restricted Stock and Restricted Stock Units as of the Separation Date shall lapse, and such Restricted Stock and Restricted Stock Units shall become free of all restrictions and limitations and become fully vested and transferable.
Stock Option Vesting. Unless otherwise decided by the Board of Directors, all option grants to employees shall vest over a four-year period with 25% of the shares subject to each option vesting a year after commencement of employment and the remainder of the shares vesting in equal amounts on a monthly basis thereafter.
Stock Option Vesting. Notwithstanding anything contained in any stock option or other equity incentive plan or agreement, in the event of a Change in Control (or, in the case of an Anticipatory Termination, upon the occurrence of such termination), all Company stock options, other than June 22 Options, held by the Executive shall become fully vested and exercisable with respect to all shares subject thereto beginning ten (10) days immediately prior to the closing date of such Change in Control.
Stock Option Vesting. Executive shall also be fully vested in any stock options, restricted stock grants, or other similar equity compensation arrangements regardless of whether the respective plan provides for accelerated vesting.
Stock Option Vesting. In the event of a Termination Following a Change of Control, all outstanding stock options held by the Officer which are not then exercisable, shall become exercisable in their entirety, as of the date immediately preceding the Termination Date.
Stock Option Vesting. Notwithstanding the vesting schedules provided in the Stock Option Agreement, dated as of December 2, 1994, as amended, or the Stock Option Agreement, dated as of October 25, 1996, each between Employer and Employee (collectively, the "Stock Option Agreements"), all options granted thereunder shall become immediately exercisable upon a Change in Control unless prior thereto such options shall have been exercised or shall have expired.
Stock Option Vesting. In the event that the provisions of Subsection 6.4 apply, the shares subject to each stock option for the Employer's (or its affiliate or successor) Common Stock held by Employee shall become fully and immediately vested. Each stock option shall be exercisable to the extent so vested in accordance with the provisions of the Option Agreement and related stock option plan pursuant to which such stock option was granted.
Stock Option Vesting. In the event of a Termination Following a Change of Control, all outstanding stock options held by the Officer which are not then exercisable, shall become exercisable in their entirety as of the date immediately preceding the Termination Date.
Stock Option Vesting. The impact of the termination of this Agreement on the stock options referred to in section 3 hereof, shall be as described in section 3 and in the Stock Option Agreements under which such options shall be issued.
Stock Option Vesting. Executive owns options to purchase shares of the Company’s common stock, the terms and conditions of which are subject to the 1997 Plan and certain Stock Option Agreements, executed in connection with each applicable stock option grant by and between the Company and Executive (collectively, Executive’s “Options”). With respect to the 1997 Plan, Executive and the Company hereby agree that (i) all vesting of Executive’s Options under the 1997 Plan shall continue through the Separation Date and cease immediately thereafter; (ii) any Options that are unvested as of the Separation Date shall immediately terminate as of the Separation Date; and (iii) Executive’s right to exercise any Options that are vested as of the Separation Date shall terminate on the date that is three months after the Separation Date; provided, however, that in the event of Executive’s death or Total Disability (as defined in the 1997 Plan) prior to the Separation Date, Executive’s estate shall, in accordance with the terms and conditions of the 1997 Plan, have one year after the Separation Date to exercise any then vested stock options (the applicable exercise period of the Options following the Separation Date, the “Extended Exercise Period”). If, anytime after the Separation Date Executive desires to exercise any stock options then currently exercisable and not yet terminated, but Executive is precluded from exercising any of such stock options for any reason not caused by Executive’s personal actions or omission, including, without limitation, if there is no applicable registration statement then currently “effective” under applicable SEC rules and regulations that would cover the Company’s issuance of shares upon exercise of such option, or if the Executive is subject to a trading black-out period in connection with Executive’s consulting or other work with the Company, then the Company agrees to toll such Extended Exercise Period for any period during which Executive is precluded from exercising any such stock options for any such reason; provided, however, that in the event that any such tolling would result in subjecting any Options to any tax, penalty or interest under Section 409A of the Internal Revenue Code of 1986 (“Section 409A”), then, notwithstanding anything to the contrary contained herein, the Extended Exercise Period shall terminate on the latest date on which Executive (or Executive’s estate, as applicable) may exercise such Options without subjecting the Options to an...
